The Carney levels amount to a reduction from the shocking numbers of 2022 — 437,000 new permanent residents and 604,000 admitted temporary residents, for a total of 1,041,000 — and that fact will draw praise from those who hunger for any improvement. But that shouldn’t count for much. The 2026 plan is still higher than 2014’s 681,000 new entrants (260,000 permanent and 421,000 temporary); a return to these levels should be the base expectation, but after the Trudeauwave, we need even lower numbers to allow state capacity to catch up.